Conares inaugurates $40mn worth color-coated steel plant in JAFZA

Conares inaugurates $40mn worth color-coated steel plant in JAFZA

Conares, the second largest private steel manufacturer in the UAE, has officially inaugurated its color-coated steel plant in Jebel Ali Free Zone (JAFZA).

The state-of-the-art facility was developed at an investment of $40 million (AED 150 million) within the Conares premises in JAFZA South, which spans over an area of 100,000 square meters.

Conares is the only private steel manufacturer in the UAE with four distinct product verticals. Exporting products to 26 countries across six continents, the company’s assets are currently estimated to be valued at $680 million (AED 2.5 billion).

Sultan bin Sulayem

Group Chairman & CEO – DP World “The construction sector has contributed significantly to the UAE’s development and progress – from world-class infrastructure to the iconic buildings we house. Conares is one of the entities driving the success of this industry. This new facility will add further value to the sector’s offerings to the local, regional, and international markets. We are proud to support such organizations through our advanced facilities and unmatched multimodal connectivity.”

The color-coated steel plant, with a capacity to produce 100,000 metric tons (MT) of color-coated galvanized steel coils, strips, and sheets per annum, will cater to the increasing demand in the UAE and the region, in addition